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Suez Canal Company

 

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Suez Canal Company



 
 
The Universal Suez Ship Canal Company (or simply Compagnie de Suez for short) was the French
France

France , officially the French Republic , is a country whose Metropolitan France is located in Western Europe and that also comprises various Overseas departments and territories of France....
 corporation
Corporation

A corporation is a legal entity separate from the persons that form it. It is a legal entity owned by individual stockholders. In British tradition it is the term designating a body corporate, where it can be either a corporation sole or a corporation aggregate ....
 which constructed the Suez Canal
Suez Canal

The Suez Canal is a canal in Egypt. Opened in November 1869, it allows water transportation between Europe and Asia without navigating around Africa or carrying goods overland between the Mediterranean and the Red Sea....
 between 1859 and 1869. France was the majority shareholder, with Egypt also holding a significant stake until financial crisis forced Isma'il Pasha
Isma'il Pasha

Isma'il Pasha, known as Ismail the Magnificent , was Wali and subsequently Khedive of Egypt and Sudan from 1863 until he was removed at the behest of the British in 1879....
 to sell his shares to the British government. Formed by Ferdinand de Lesseps
Ferdinand de Lesseps

Ferdinand Marie, Vicomte de Lesseps, Order of the Star of India was the French people developer of the Suez Canal, which joined the Mediterranean and Red Seas for the first time in 1869, and substantially reduced sailing distances and times between the West and the East....
 in 1858, the company operated the canal until its nationalization
Nationalization

Nationalization, also spelled nationalisation, is the act of taking an industry or assets into the public ownership of a national government or state....
 by Nasser
Gamal Abdel Nasser

Gamal Abdel Nasser was the second President of Egypt from 1956 until his death in 1970. Along with Muhammad Naguib, he led the Egyptian Revolution of 1952, which removed Farouk of Egypt and heralded a new period of industrialization in Egypt, together with a profound advancement of Arab nationalism, including a short-lived United Arab Republ...
 in 1956, which led to the Suez Crisis
Suez Crisis

The Suez Crisis, also referred to as the Tripartite Aggression, was a military attack on Egypt by United Kingdom, France, and Israel beginning on 29 October 1956....
.

The company remains in business, following a series of mergers, as Suez, an industrial conglomerate
Conglomerate (company)

A conglomerate is a company that consists of multiple distinct and often unrelated businesses. Conglomerates are often large and can be formed by merging more than three businesses together....
.








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Encyclopedia


The Universal Suez Ship Canal Company (or simply Compagnie de Suez for short) was the French
France

France , officially the French Republic , is a country whose Metropolitan France is located in Western Europe and that also comprises various Overseas departments and territories of France....
 corporation
Corporation

A corporation is a legal entity separate from the persons that form it. It is a legal entity owned by individual stockholders. In British tradition it is the term designating a body corporate, where it can be either a corporation sole or a corporation aggregate ....
 which constructed the Suez Canal
Suez Canal

The Suez Canal is a canal in Egypt. Opened in November 1869, it allows water transportation between Europe and Asia without navigating around Africa or carrying goods overland between the Mediterranean and the Red Sea....
 between 1859 and 1869. France was the majority shareholder, with Egypt also holding a significant stake until financial crisis forced Isma'il Pasha
Isma'il Pasha

Isma'il Pasha, known as Ismail the Magnificent , was Wali and subsequently Khedive of Egypt and Sudan from 1863 until he was removed at the behest of the British in 1879....
 to sell his shares to the British government. Formed by Ferdinand de Lesseps
Ferdinand de Lesseps

Ferdinand Marie, Vicomte de Lesseps, Order of the Star of India was the French people developer of the Suez Canal, which joined the Mediterranean and Red Seas for the first time in 1869, and substantially reduced sailing distances and times between the West and the East....
 in 1858, the company operated the canal until its nationalization
Nationalization

Nationalization, also spelled nationalisation, is the act of taking an industry or assets into the public ownership of a national government or state....
 by Nasser
Gamal Abdel Nasser

Gamal Abdel Nasser was the second President of Egypt from 1956 until his death in 1970. Along with Muhammad Naguib, he led the Egyptian Revolution of 1952, which removed Farouk of Egypt and heralded a new period of industrialization in Egypt, together with a profound advancement of Arab nationalism, including a short-lived United Arab Republ...
 in 1956, which led to the Suez Crisis
Suez Crisis

The Suez Crisis, also referred to as the Tripartite Aggression, was a military attack on Egypt by United Kingdom, France, and Israel beginning on 29 October 1956....
.

The company remains in business, following a series of mergers, as Suez, an industrial conglomerate
Conglomerate (company)

A conglomerate is a company that consists of multiple distinct and often unrelated businesses. Conglomerates are often large and can be formed by merging more than three businesses together....
.

Presidents of the Suez Canal Company (1855-1956)

Before nationalisation:
  • Ferdinand De Lesseps,
    Ferdinand de Lesseps

    Ferdinand Marie, Vicomte de Lesseps, Order of the Star of India was the French people developer of the Suez Canal, which joined the Mediterranean and Red Seas for the first time in 1869, and substantially reduced sailing distances and times between the West and the East....
     (1855 – 7 December 1894)
  • Jules Guichard (17 December 1892 – 17 July 1896) (acting for de Lesseps to 7 December 1894)
  • Auguste-Louis-Albéric, prince d'Arenberg (3 August 1896 – 1913)
  • Charles Jonnart
    Charles Jonnart

    Charles C?lestin Auguste Jonnart was a French politician.Born into a bourgeois family in the North, Charles Jonnart was educated at Saint-Omer, then in Paris....
     (19 May 1913 – 1927)
  • Louis de Vogüé (4 April 1927 – 1 March 1948)
  • François Charles-Roux (4 April 1948 – 26 July 1956)

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